{"id":120480,"date":"2021-02-18T16:08:36","date_gmt":"2021-02-18T09:08:36","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-property-market-will-remain-weak-for-the-next-two-years-says-uae-developer-damac\/"},"modified":"2021-02-18T16:22:04","modified_gmt":"2021-02-18T09:22:04","slug":"dubais-property-market-will-remain-weak-for-the-next-two-years-says-uae-developer-damac","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-property-market-will-remain-weak-for-the-next-two-years-says-uae-developer-damac\/","title":{"rendered":"Dubai's property market will remain weak for the next two years, says UAE developer Damac"},"content":{"rendered":"


\nDamac Properties’ chairman, Hussain Sajwani, says the company is unlikely to start many new projects in the current environment.
\n
\nSource : cnbc.com
\nRead more…Dubai’s property market will remain weak for the next two years, says UAE developer Damac<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Damac Properties’ chairman, Hussain Sajwani, says the company is unlikely to start many new projects...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-120480","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vle","jetpack-related-posts":[{"id":90244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-says-to-speed-up-work-on-aykon-city-project\/","url_meta":{"origin":120480,"position":0},"title":"Dubai's Damac says to speed up work on Aykon City project","date":"May 30, 2018","format":false,"excerpt":"\r Developer confirms the completion of the raft foundation work for tower B at Aykon City, its multi-tower master development\r \r Source : arabianbusiness.com\r Read more...Dubai's Damac says to speed up work on Aykon City project","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":103244,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-chairman-calls-bottom-for-dubai-property-market-sees-value-in-brexit\/","url_meta":{"origin":120480,"position":1},"title":"DAMAC chairman calls bottom for Dubai property market, sees value in Brexit","date":"January 24, 2019","format":false,"excerpt":"\r A major Emirati property developer believes Dubai's property market has bottomed out \u2014 but says there remain at least two more tough years ahead before a full rebound.\r \r Source : cnbc.com\r Read more...DAMAC chairman calls bottom for Dubai property market, sees value in Brexit","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":145810,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/inside-ali-sajwanis-billion-dollar-bet-on-dubais-world-islands\/","url_meta":{"origin":120480,"position":2},"title":"Inside Ali Sajwani\u2019s billion-dollar bet on Dubai\u2019s World Islands","date":"July 4, 2024","format":false,"excerpt":"\r Ali Sajwani, MD of UAE mega developer DAMAC breaks down why risk and passion are key to success\r \r Source : arabianbusiness.com\r Read more...Inside Ali Sajwani\u2019s billion-dollar bet on Dubai\u2019s World Islands","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2024\/07\/Ali-Sajwani-01-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":54821,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-properties-q1-profit-down-16-2\/","url_meta":{"origin":120480,"position":3},"title":"Damac Properties Q1 profit down 16.2%","date":"May 15, 2017","format":false,"excerpt":"\r Dubai's Damac Properties reported a 16.2 per cent fall in first-quarter net profit on Monday as sales costs rose.The developer reported a net profit of Dh880.4 million for the three months to March 31, down from Dh1.05 billion in the same period last year, according to a statement to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":66182,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/damac-may-not-launch-further-uae-projects-says-spokesperson\/","url_meta":{"origin":120480,"position":4},"title":"Damac may not launch further UAE projects, says spokesperson","date":"September 12, 2017","format":false,"excerpt":"\r Leading developer says looking to expand outside the GCC\r \r Source : arabianbusiness.com\r Read more...Damac may not launch further UAE projects, says spokesperson","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":17742,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubais-damac-awards-dh3bn-of-contracts-in-first-half-of-2016\/","url_meta":{"origin":120480,"position":5},"title":"Dubai's Damac awards Dh3bn of contracts in first half of 2016","date":"June 26, 2016","format":false,"excerpt":"\r The Dubai developer Damac Properties said that it has awarded 25 construction and consultancy contracts worth Dh3 billion over the past six months.Damac said that contracts awarded during the first half of 2016 include construction contracts to build 2,678 villas within its Akoya Oxygen development and contracts to build\u2026","rel":"","context":"In "Property 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